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Bradesco (BBDC3; BBDC4) announced Thursday, Jan. 31, a recurring net profit of $ 5.830 billion in the fourth quarter of 2018, an increase of 19.9% over that of the United States. ;last year. , 4,862 billion rand. Compared to the previous three months, R $ 5.471 billion, the increase was 6.6%.
In a report accompanying its financial statements, the Bank notes that quarterly and annual earnings growth reflects the performance of operating income, driven by the performance of net interest income and charges with provisions (expanded DP). Bradesco also mentions the "positive performance" of service revenues and the results of insurance, pension and capitalization activities.
In 2018, the recurring net profit of Bradesco reached 21.564 billion rand, an increase of Bradesco's expanded loan portfolio amounted to 531.615 billion R $ in the fourth quarter of the year. last year, up 1.6% from the previous year.
compared to the previous three months. In one year, loans increased by 7.8%. The highlight was the individual, with growth of 4.6% and 11.0%, respectively. Bradesco ended December with total badets of R $ 1.386 billion, up 2.2% from […] at the end of September, R $ 1.357 billion. In a year, while the business turnover amounted to R $ 1.298 trillion, growth was 6.8%.
The bank's equity rose to 121 121 billion R $ in the fourth quarter, an increase of 9.7% in one year. Before the third, was recorded an increase of 4.7%. The return on equity of the institution (ROE) was set at 19.7% in the fourth quarter, up 0.7 point from the third quarter, by 19.0%. In one year, it increased by 1.7 pp. In 2018, the performance of Bradesco was 19.0%, compared to 18.1% in 2017.
Adjusted
In the accounting criteria, with non-recurring adjustments to the transaction, the net profit of Bradesco rose to R $ 5.080 billion in the fourth quarter of last year, an increase of 33.93% over the previous 12 months of R $ 3.93 billion. The difference between current results and accounting results is mainly due to goodwill of R375 million from the HSBC acquisition of R $ 514 million corresponding to an impairment of non-financial badets. , plus the positive impact of the reversal of an additional provision of In 2018, the net accounting income of Bradesco was established at 14.659 billion rand, an increase of 30.19% over the previous year. previous year, reaching R19,085 billion. In this case, the difference was due, among other reasons, to HSBC goodwill of FRF 1 976 billion, a writedown of non-financial badets of FRF 514 million and provisions reversals. Money: open an investment account in XP
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